The RSI is a momentum indicator. It is the result of dividing the average of up days by the average of down days X 100. If the result of this formula is 30 or below, stock XYZ is in the low risk zone or oversold and fit to buy. Conversely, if the RSI is over 70 the stock is in the high risk zone (overbought) and a stop loss should be initiated.
ezvestor,,,I see your name but I put you on Iggy a long time ago. so sorry I can not read your message, you must have been a turd face in the past. Adios. No need to reply with your garbage I can not read it anyway.